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Tri-State

Westchester rental market booming as city-dwellers flee

 

Some New York City residents looking to flee the five boroughs as the Covid-19 crisis escalates are setting their sights on Westchester County’s rental properties.

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Realtors in the county are “seeing a dramatic increase in demand from city families,” Ellen Stern, of William Pitt/Julia B. Fee Sotheby’s International Realty, told LoHud.

Rents, meanwhile, are skyrocketing. In Mamaroneck, for example, a waterfront mansion is seeking $50,000 per month.

“It’s unprecedented — Westchester County has nothing that’s commanded this kind of dollars,” listing agent Mimi Magarelli, also of William Pitt/Julia B. Fee Sotheby’s, told the outlet. [LoHud]

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